Retail

Rendering of Sherman Plaza at 4650 Broadway - Courtesy of View, Inc.

Sherman Plaza Nears Completion at 4650 Broadway in Inwood, Manhattan

7:30 am on February 20, 2024 By Michael Young and Matt Pruznick

Construction is nearing completion on Sherman Plaza, a 19-story mixed-use building at 4650 Broadway in Inwood, Manhattan. Designed by Handel Architects and developed by Arden Group, which acquired the property for $54 million in 2019, the 260-foot-tall structure will span 351,000 square feet and yield 222 rental apartments, 38,000 square feet of lower-level retail space, and an 80,000-square-foot charter school. Aqozfi Inwood LLC is listed as the owner and Consigli Construction Co. is the general contractor for the property, which is located at the intersection of Broadway and Sherman Avenue, directly east of Fort Tyron Park.

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204 4th Avenue’s Exterior Takes Shape in Gowanus, Brooklyn

8:00 am on February 19, 2024 By Michael Young and Matt Pruznick

Exterior work is progressing on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. Designed by L+Z Architecture and developed by Avery Hall and Gindi Capital, the 200,000-square-foot structure will yield 193 rental units and 14,000 square feet of ground-floor retail space. Leeding Builders Group is the general contractor for the project, which is alternately addressed as 653 Union Street and is located on a half-acre rectangular plot bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.

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Exterior Rendering of Two Clinton Park - Courtesy of RXR

Two Clinton Park Nears Completion at 28 South Division Street in New Rochelle, New York

7:30 am on February 19, 2024 By Michael Young and Matt Pruznick

Work is nearing the finish line on Two Clinton Park, a 28-story residential building at 28 South Division Street in downtown New Rochelle, New York. Designed by Lessard Design with MdeAS Architects as the project architect and RXR as the developer, the 513,000-square-foot structure will yield 390 rental apartments in studio to three-bedroom layouts, nearly 24,000 square feet of amenities, and more than 7,500 square feet of retail space in the lower levels. Along with its adjacent sibling One Clinton Park, the development will offer more than 29,000 square feet of retail space. The property is alternately addressed as 55 Clinton Place and stands on the site of a former parking garage bound by Church Street to the north and South Division Street to the south.

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405, 407 West 206th Street Rise Past Halfway Mark in Inwood, Manhattan

8:00 am on February 16, 2024 By Michael Young and Matt Pruznick

Construction is rising above the halfway mark on 405 and 407 West 206th Street, a sprawling two-tower mixed-use project in Inwood, Manhattan. Designed by Beyer Blinder Belle in a joint with the LMXD affiliate of L+M Development Partners, MSquared, and Taconic Partners, the 751,687-square-foot structures consist of 14- and 17-story volumes standing 140 and 175 feet tall and will yield 700 rental units with 281 dedicated to affordable housing, as well as a supermarket under the city of New York’s Food Retail Expansion to Support Health Program program and an immigrant-centered performing arts center owned and operated by the People’s Theatre Project. Inwood Lot 9 Development Associates LLC is the owner, Community League of the Heights is the community sponsor, and Chatsworth Builders is the general contractor for the $416 million project, which is bound by West 206th and West 207th Streets and Ninth Avenue.

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New Renderings Revealed for BIG’s Four-Skyscraper Freedom Plaza Master Plan in Murray Hill, Manhattan

8:00 am on February 13, 2024 By Michael Young and Matt Pruznick

Bjarke Ingels Group (BIG) has unveiled a new set of renderings of its 4.1-million-square-foot proposal for Freedom Plaza, a potential mixed-use casino development on the border of Murray Hill and Tudor City. Developed by The Soloviev Group, which currently owns the property, in a joint collaboration with Mohegan Gaming & Entertainment, plans call for two new residential skyscrapers rising 50 to 60 stories tall with 1,325 apartments, including 510 affordable housing units, as well as two 51-story hotel towers with 1,200 guest rooms split between Banyan Tree and Mohegan branding. A new landscaped waterfront park, a below-grade casino, and a museum would sit beneath the skyscrapers. The 6.5-acre property is the largest undeveloped plot in Manhattan, and is located along First Avenue between East 38th and East 41st Streets, directly south of the United Nations complex.

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